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Inflation, interest rates, recession and supply chains still overarching themes of topsy-turvy economy

COLUMBUS, Ind. – According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, surging inflation, the Fed hiking interest rates into a potential recession and supply-chain disruptions remain overarching themes in the current economy. ACT’s State of the Industry: NA Classes 5-8 report provides a monthly look at the current production, sales, and general state of the on-road heavy and medium duty commercial vehicle markets in North America. It differentiates market indicators by Class 5, Classes 6-7 chassis and Class 8 trucks and tractors, detailing measures such as backlog, build, inventory, new orders, cancellations, net orders, and retail sales. Additionally, Class 5 and Classes 6-7 are segmented by trucks, buses, RVs and step van configurations, while Class 8 is segmented by trucks and tractors with and without sleeper cabs. This report includes a six-month industry build plan, backlog timing analysis, historical data from 1996 to the present in spreadsheet format, and a ready-to-use graph package. A first-look at preliminary net orders is also published in conjunction with this report. “The prospect of a US recession has grown materially since Russia’s invasion of Ukraine, and as of the July issue of ACT’s NA OUTLOOK report, a 2023 recession is now the base-case expectation, with freight volumes beginning to contract in Q3’22.” Kenny Vieth, ACT Research’s president and senior analyst, said. “Meanwhile, supply-chain disruptions remain a wild card, as the war in Ukraine continues and China announced fresh lockdowns following another surge in COVID infections.” Vieth said the takeaway for us is that interest rate hikes to date have not yet slowed inflation sufficiently, meaning the Fed is likely to remain aggressive, risking a deeper recession in 2023 as they work to rein in inflation. “The prevailing theme cycle-to-date has been one of whack-a-mole, i.e., as shortages of one component are alleviated, another issue arises,” Veith said. “Russia and China issues aside, the past two months have seen modest OEM beats of their medium-duty and heavy-duty build plans, suggesting that availability, and possibly visibility, is improving.” In summation, Vieth concluded, “Forward-looking data were largely aligned with expectations in June, while concurrent and trailing indicators were modestly above expectations, as North America’s commercial vehicle markets continue to embody a balancing act between demand-driven potential and supply-side realism. For context, we saw Class 8 orders rise 16% sequentially in June, cancellations fall to a 12-year low, build rise to its highest level this cycle, and heavy-duty retail sales jump to their best result of the year.”  

ACT Research: US used truck prices softening

COLUMBUS, Ind. – Preliminary used Class 8 retail volumes (same dealer sales) rose 6% month-over-month, but were 39% lower compared to June of 2021, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Other data released in ACT’s preliminary report included month-over-month comparisons for June 2022, which showed that average retail price and average miles both contracted, at -6% and -1%, respectively, while average age was 3% higher m/m. Compared to June of 2021, the average retail price was 50% higher, with average miles and age greater by 1% and 12%, respectively. ACT’s Classes 3-8 Used Truck Report provides data on the average selling price, miles, and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). This report is utilized by those throughout the industry, including commercial vehicle dealers to gain a better understanding of the used truck market, especially as it relates to changes in near-term performance. “Thankfully, fuel prices have begun showing signs of abating,” Steve Tam, vice president at ACT Research, said. “However, inflation remains entrenched, with many economists expecting it to remain elevated for quite some time.” Tam said that while the spot freight market started slowing early in the year, contract freight has held reasonably steady. However, contract rates are starting to show signs of near-term softening. He said they remain significantly higher than they were at this time last year. “But looking ahead, the slowing market is inevitable,” Tam said. “Closely paralleling that are values in the used Class 8 commercial truck market. Volumes are a different story. U.S. used truck pricing moved sooner and to a greater degree in the auction and wholesale markets, giving those who live in the retail world a sneak peek as to where their market might be heading.”  

Volvo Trucks building electrified charging corridor in California

LOS ANGELES — Volvo Trucks North America is joining forces with Volvo Financial Services, Volvo Technology of America, Shell Recharge Solutions, TEC Equipment, Affinity Truck Center and Western Truck Center to develop a publicly accessible medium-and heavy-duty electric vehicle (MHD EV) charging network that connects several of California’s largest metropolitan areas. With an award from the California Energy Commission (CEC) of $2 million under BESTFIT, the Electrified Charging Corridor Project “will address key barriers to long-range MHD EV deployments and accelerate widespread adoption,” according to a news release. The project will get underway in 2022, with all five stations anticipated to be online by the end of 2023. “This project will open the door to a truly electrified freight future in which zero-tailpipe emission medium- and heavy-duty trucks are no longer limited to short-mileage, return-to-base operations and can reach far and wide across the state,” Peter Voorhoeve, president of Volvo Trucks North America, said. “We are excited to begin construction of the Electrified Charging Corridor Project this year in collaboration with these pioneering truck dealerships so that we can further support fleets in successfully integrating battery-electric trucks into their operations, including our Volvo VNR Electric model. With the support of the CEC helping to drive and manifest this project, we will see an accelerated progression with ripple effects across the industry.” Patrick Shannon, North American president at Volvo Financial Services, said that Volvo Financial Services “is committed to the development of new solutions and business models to enable innovative fleets to take the leap to zero emissions transportation while minimizing their required investments in private charging infrastructure,” During the next 18 months, the project will deploy high-powered chargers at several existing Volvo Trucks’ dealership locations in central and northern California, including TEC Equipment Oakland, TEC Equipment Dixon, Western Truck Center in Stockton and Affinity Truck Centers in Fresno and Bakersfield, the news release stated. They will serve as an extension to chargers already available at the TEC Fontana and TEC La Mirada locations in Southern California. With publicly accessible charging stations strategically located at convenient intervals, fleets utilizing battery-electric trucks will be able to complete zero-tailpipe emissions routes between Southern, Central, and Northern California. “This investment for an electric truck charging corridor is critical to accelerate customer confidence in today’s commercial battery-electric offerings. Shell Recharge Solutions is excited to be a part of this innovative charging infrastructure initiative, which will alleviate range anxiety for electric truck customers traveling throughout Southern, Central, and Northern California,” Matt Androski, chief commercial officer at Shell Recharge Solutions, said. The Electrified Charging Corridor Project has the goal of enabling convenient charging for: Small business fleets that want to avoid making major financial investments in large-scale charging infrastructure at their site. Fleets looking to pilot an electric vehicle through rental and short-term lease opportunities. Fleets that need an OEM-neutral location to “opportunity charge” along their route. “The Energy Commission is thrilled to support the Electrified Charging Corridor project, which will help California meet its goals for zeroing out tailpipe emissions from trucks,” CEC Commissioner Patty Monahan said. “This project will showcase refueling solutions for long-distance, zero-tailpipe emission truck travel, and may stimulate additional investments in similar corridors throughout the state, across the country, and all over the world.” The CEC’s BESTFIT Innovative Charging Solutions program funds projects that demonstrate transformative technology solutions and work to accelerate the successful commercial deployment of electric vehicle charging for light-, medium-and heavy-duty applications. For more information about how Volvo Trucks is pioneering electromobility initiatives, visit the website.  

EnVue Telematics partners with Craig Safety Technologies

LONGVIEW, Texas — EnVue Telematics now offers products and services from Craig Safety Technology. Two services from Craig Safety Technologies are The Hiring Path and Driver Qualification (DQ) File Management. According to a news release, the former automates much of the employee onboarding process, while the latter provides fleets with the number one DQ File Management Software available. “We’re proud to offer the products and services of company that is known across the industry for the high quality of its products and services,” Randy Read, co-founder of EnVue Telematics, said. “The application of technology to solve fleet challenges is where we place our focus, and we’re always searching for companies that do that better than anyone else. Craig Safety Technologies belongs in that category.” “Choosing the right partner is imperative for success,” Brenda Craig, CEO and founder of Craig Safety Technologies, said. “The right technology, with its consistent processes and systems, will help organizations grow efficiently. “CST is thrilled to work with EnVue Telematics and their partners to provide the ultimate platform. Together we will assist the logistics and transportation industry reach new and better compliance and technology standards.” What Craig Safety Technologies offers fleets Craig Safety Technologies created Compliance Safety Manager and The Hiring Path to offer a system to help manage all of the driver compliance requirements mandated by the Federal Motor Carrier Safety Administration (FMCSA) and U.S. Department of Transportation (DOT). The Hiring Path allows fleets to no longer deal with multiple third-party vendors when working with driver-related documents or performing background checks. Services provided by the system include: Electronic application. A custom URL to link with an online application that employers can use for receiving employment applications. Pre-Employment Screening Program. FMCSA’s Pre-Employment Screening Program check that provides a driver’s five-year crash history and three-year inspection history. Motor Vehicle Reports. Access to Motor Vehicle Record (MVR) reports from all 50 states. Criminal Background Check. Access to a felony and misdemeanor search of every jurisdiction of residence for an applicant within the last seven years. DOT Employment Verification. Validate past employment, on-the-job accidents, and previous drug and alcohol tests. Drug Screening. Includes specimen collection, testing at SAMHSA-certified laboratory, and review by a qualified Medical Review Officer. The Driver Qualification File Management system handles all required DQ elements. Those include employment applications, MVRs, DOT medical cards, road test certificates, driver’s annual list of violations, supervisor’s review of violations, driver’s licenses, and drug screens. The software offered by Craig Safety Technologies focuses on streamlining regulatory compliance and driver onboarding processes, as well as helping managers better manage risk and improve fleet safety.

ContainerPort expands trucking capacity with launch of Bristol Transportation

Cleveland, Ohio — ContainerPort Group is expanding its motor carrier network with the introduction of Bristol Transportation, a newly-launched drayage provider operating in Charleston, South Carolina; Chicago and Savannah, Georgia. According to a news release, the launch of Bristol strengthens CPG’s nationwide trucking solutions by adding capacity for customers in major port markets experiencing rising import volumes. “Expanding the CPG network with the opening of Bristol Transportation in these strategic locations will help us cater to the shift we are seeing in diverting cargo away from the West Coast and pushing volumes up in the East and Gulf coasts,” Joey Palmer, president of CPG, said. “Investing in solutions that address the supply chain challenges that our customers are facing demonstrates our tireless commitment to ensuring we are bringing solutions to the table that meet the goals of our customers and owner operators alike.” Bristol Transportation provides port and inland drayage capacity solutions serving three key transportation markets — Charleston, Chicago and Savannah. Additionally, Bristol Transportation offers compensation and support for its owner and offers DrayPal, which enables drivers to track settlements, safety scores, and meet financial goals. “We do things differently at Bristol Transportation; it’s not your typical drayage company,” Zach Hadden, regional director at Bristol Transportation, said. “We provide our drivers with the best compensation package on the market and 24/7 access to a wide range of support services that go far beyond what is offered by your typical trucking company. This strong support is what keeps our drivers engaged and ultimately results in better on-time delivery rates and top-notch customer service.” Bristol Transportation offers following to its customers: Secure yards with option for pre-pulls and storage. Company chassis, including tri-axels for handling overweight 20’s. Auto-generated reports from TMS system built specifically on customer’s parameters. Local and regional drayage. Long-haul trucking (OTR). Overweight loads. “With Bristol Transportation on board, CPG demonstrates our continuous commitment to serving market demand by growing our network — ensuring cargo travels quickly to, from, and within these critical markets,” Palmer said.  

Love’s Travel Stops new location in Illinois, adds 70 parking spaces

OKLAHOMA CITY – Love’s Travel Stops is now serving customers in Monroe Center, Illinois, thanks to a travel stop that opened Thursday. The store, located off Interstate 39 at Exit 111 (16991 East Illinois Route 72), adds 70 truck parking spaces and 55 jobs to Ogle County. “Love’s is continuing to open new locations to provide customers with clean and safe places to stop, making summer travel more convenient,” Greg Love, co-CEO of Love’s, said. “The Love’s in Monroe Center is the company’s 32nd location in Illinois, and our team members are excited to help get professional truck drivers and four-wheel customers back on the road quickly and safely.” The location is open 24/7 and offers many amenities, including: More than 12,000 square feet. Godfather’s Pizza and Subway (opening July 18). 70 truck parking spaces. 64 car parking spaces. Four RV parking spaces. Seven diesel bays. Six showers. Laundry facilities. CAT scale. Bean-to-cup gourmet coffee. Brand-name snacks. Fresh Kitchen concept. Mobile to Go Zone with the latest GPS, headsets and smartphone accessories. Dog park. In honor of the grand opening, Love’s will donate $2,000 to Stillman Valley High School.

Circle Logistics partners with Transport Pro to streamline operations

FORT WAYNE, Ind. — Circle Logistics announced it live-tracked 84% of its loads for the last two months, which is an added shipper visibility feature resulting from software integration with Transport Pro, a transportation management company. Correlating with Circle’s more than 300% growth over the past two years, the company’s increase in the ability to provide visibility through live tracking is rapidly increasing, more than doubling competitors typically tracking 30-40% of their loads, according to a news release. “End-to-end visibility is the standard in today’s market, so it is Circle’s goal to track every load for our customers,” Eric Fortmeyer, president and CEO, Circle Logistics, said. “Integrating Transport Pro’s web-based TMS is helping us to streamline our processes for our customers and employees, so we can all focus on what matters most — growth. Our team uses a wide range of innovative technologies to work more efficiently so that our customers can, too.” Circle and Transport Pro integration means customers can live-track their loads from Circle’s portal or via a text or email sent from Circle. This streamlined process is quick and easy for customers, as well as employees, who can now reduce the number of follow-up phone calls regarding the status of deliveries. “Automation is a key component to getting work done faster and scaling more efficiently for growing companies,” Kenneth Kloeppel, director of technology at Transport Pro, said. “Our auto-arrive and auto-depart dispatch geofence notifications coupled with Circle’s great team of employees who see their meaningful jobs as a method for helping their customers is proving to be a game changer within our industry. Transport Pro is proud to be part of the growth strategy for such a fast-growing company that is working to hire quality people to use such great technology to get more work done more efficiently.”  

PrePass Safety Alliance buys CVO Holding Company

PHOENIX – PrePass Safety Alliance has acquired CVO Holding Company LLC. The Alliance introduced PrePass, the original connected vehicle technology, with the support of CVO in 1993. Since then, the PrePass weigh station bypass program has provided more than a billion safe bypasses of open weigh facilities, saving the trucking industry over 405 million gallons of fuel and $7.9 billion in operating costs, according to a news release. According to company officials, PrePass reduced truck-related pollution in the same timeframe by more than 905,000 metric tons, the equivalent of taking 161,000 automobiles off the road. More than 105,000 motor carriers and more than 700,000 trucks subscribe to PrePass bypass and electronic toll payment services. “This is the perfect match of two organizations that introduced the concept of connected vehicle technology to the trucking industry and have led the way ever since,” Mark Doughty, president and CEO of PrePass Safety Alliance, said. “CVO has supported PrePass from its inception, helping grow the program into America’s leading weigh station bypass service. The Alliance views this strategic acquisition as an exciting opportunity to better serve its state and industry partners while fulfilling our non-profit mission to make highways safer and more efficient through innovative, data-driven solutions.” Skip Kinford, president and CEO of CVO Holdings Company, LLC, said that over the past three decades, the CVO team “has delivered cutting edge technology and world-class support to PrePass Safety Alliance and the PrePass program. This acquisition creates an alignment of effort and focus between our organizations that will drive the next generation of commercial motor vehicle safety innovation. We are thrilled to join the Alliance as one team with one mission.”  

Full Tilt Logistics announces massive expansion

RENO, Nev. — Full Tilt Logistics has announced a massive expansion of its operation. The company said in a Wednesday, July 13, news release that it has acquired a new 250,000-square-foot warehouse space located on Prototype Drive in South Reno. Company officials said the expansion will allow the company to hire additional staff. “Strategically positioned in Northern Nevada, Full Tilt is able to deliver goods nationwide and can distribute to the eleven Western states within 24 hours,” according to the news release. Full Tilt Logistics’ headquarters and the company’s new warehouse are on two major highway corridors: Interstate 80 and U.S. Highway 395. “We are so fortunate to have a loyal customer base already. Now we can easily accommodate our existing customers’ growing needs, and make room for many new customers,” Tiffany Novich, president of Full Tilt Logistic, said. “We have been building this business with intention for almost a decade and it’s exciting to see our vision coming to fruition.” The new facility has 12 service doors allowing trucks to load and unload goods. The company expects more than 50 employees on site, helping to expand not only the company but also generate local jobs.

J.B. Hunt launches transload service in Southern California

LOWELL, Ark. – J.B. Hunt Transport Services Inc. announced Wednesday it will open its first transload service facility to support international cargo along the West Coast and streamline its inland transportation for customers. The facility, supporting the Los Angeles and Long Beach area, will provide port drayage and transloading services, with quick access to outbound rail and highway transport, a news release stated. “The increase in import activity over recent years has created a bottleneck at the port, resulting in inefficient delays and rising costs,” Shelley Simpson, chief commercial officer and executive vice president of people and human resources at J.B. Hunt, said. “We are providing customers with a complete solution that not only alleviates those challenges, it can accelerate their ability to meet domestic demand by offering a seamless port, transload, and domestic outbound move.” To streamline port drayage, J.B. Hunt will have a company fleet dedicated to transporting inbound ocean freight from the port to the new facility, minimizing demurrage and per diem costs and accelerating the turn time to prepare freight for domestic transport. Cargo containers will be loaded directly onto company-owned marine chassis and arrive at the J.B. Hunt facility for transloading into domestic trailing equipment supported by its company fleet. “A transloading model provides customers with a more efficient flow of international containers through the supply chain by eliminating imbalanced moves and turning boxes faster,” Darren Field, president of intermodal and executive vice president at J.B. Hunt, said. “Having optionality between domestic intermodal and interior-point intermodal (IPI) services will be important for our customers when uncertainties remain pervasive.” The new transloading operation, located only minutes from Interstate 5 and Interstate 710, includes a 91,000-square-foot warehouse and 8 acres of parking for up to 300 containers. With close proximity to both port and rail terminals, the facility will provide shippers with quick, preferred access to J.B. Hunt’s 53’ intermodal container fleet and highway services, including the company’s J.B. Hunt360box® drop-and-hook trailer program. J.B. Hunt opened its first transload service in November 2021 to assist shippers in the New York metro area with port drayage, transloading and inland linehaul solutions. With today’s announcement, J.B. Hunt now offers customers a solution for their international containers arriving into the largest port gateway market on both coasts.

XPO Logistics unveils RXO as name for planned spin-off

GREENWICH, Conn. — XPO Logistics, Inc. has announced that a new company identity has been created in connection with the planned spin-off of its tech-enabled brokerage platform. “The spin-off is named RXO to reflect the company’s commitment to provide reliability multiplied by outperformance. RXO will go to market with the tagline ‘Massive capacity. Cutting-edge technology,’” according to a news release. XPO unveiled the new company’s identity on a landing page, RXO.com, where visitors can register to receive news about the spin-off’s upcoming milestones and leadership appointments. “Our spin-off now has a name — RXO — bringing it one step closer to becoming a standalone industry leader,” Brad Jacobs, chairman and chief executive officer of XPO Logistics, said. “Our best-in-class truck brokerage business will be the keystone of RXO’s asset-light platform, poised to continue to take share of a growing market.” “The new brand embodies our competitive positioning of reliable outperformance, propelled by multiple tailwinds,” Drew Wilkerson, XPO’s president, North American transportation, who has been named to become chief executive officer of RXO, said. “RXO will launch with a widely adopted digital platform that gives shippers and carriers the automation they demand. I’m excited to lead our team to even greater achievements as a tech-enabled pure-play.” As previously announced, XPO intends to separate its asset-based less-than-truckload business from its asset-light brokered transportation platform, creating two independent, publicly traded companies with vast growth prospects in North America. The spin-off’s largest component will be truck brokerage, with complementary brokered services for managed transportation, last-mile logistics and global forwarding. Usage of the RXO name, logo and other brand components will become effective upon the spin-off of RXO, Inc., which XPO expects to complete in the fourth quarter of 2022.  

New report focuses on how to draw young adults to trucking industry

ARLINGTON, Va. – The American Transportation Research Institute released Monday a new report that investigates how to best integrate younger adults aged 18 to 25 into trucking careers. This research, a top priority of ATRI’s Research Advisory Committee in 2021, synthesizes a variety of data and analyses including younger driver surveys, carrier interviews, and the latest workforce statistics. The research also documents motor carrier perspectives on participating in the new FMCSA Safe Driver Apprenticeship Pilot Program. The ATRI research found that, while Millennial and Gen Z drivers are partially motivated by pay, the majority of them consider other factors equally or even more important when it comes to joining or remaining with a motor carrier. Eighty-four percent of younger drivers consider company culture important. The report goes on to describe initiatives, such as rewarding veteran drivers for informal mentorship, which can build the community-centered cultures that younger drivers seek. Structured feedback was found to be a key factor in successfully training Millennial and Gen Z drivers, who desire coaching – a continual process of short, frequent, and more personal meetings – in addition to more traditional evaluations. Similarly, younger adults are more likely to enter the industry when fleets produce transparent recruitment and marketing materials that highlight both younger employees and expanded career paths. The research also outlines three pathways toward creating high school trucking and logistics clubs to promote industry awareness among teenagers who are still exploring their career interests. “ATRI has provided a one-stop resource for creating work environments where younger employees are both productive and fulfilled,” DriverReach Founder and CEO Jeremy Reymer said. “Carriers looking to increase their number of younger employees or participate in the new Safe Driver Apprenticeship Program will find this report very useful.” A copy of the full report is available through ATRI’s website here.

Redwood Logistics, Cloverly partner to enhance carbon emissions management for customers

CHICAGO  — Supply chain management company Redwood Logistics has announced a partnership with Cloverly, a firm that provides access to carbon credits to offset the impact of emissions from the transportation and logistics industry. The partnership with Cloverly supports the Redwood Hyperion sustainability solution, announced in June to help customers gain load-by-load visibility into their freight emissions, according to a news release. “It enables carbon-neutral shipping initiatives by bringing together flexible access to data powered by the logistics integration platform RedwoodConnect and instant access to action through verified carbon credits via Cloverly,” the news release stated. “The confluence between Redwood’s supply chain and Cloverly’s sustainability expertise was invaluable to us as we developed Redwood Hyperion as a high-quality carbon visibility and offset program,” Michael Reed, chief product officer at Redwood, said. “Shippers can’t act on what they can’t measure, and the Redwood Hyperion solution powered by Cloverly’s Sustainability-as-a-Service model allows our customers to reliably measure their freight emissions and offset them with carbon credits all in a single platform.” A carbon credit is a transferable instrument certified by governments and independent certification bodies that represents an emission reduction of one metric ton of CO2 or an equivalent amount of other Greenhouse Gases. Through Redwood Hyperion, powered by Cloverly’s marketplace, carbon emissions can be matched with a wide range of carbon credits, including blue carbon, forestry, biochar or, as close as possible, to the initial carbon-producing activity – whatever the main sustainability objective is for the shipper. “Climate action matters to customers, businesses and the planet we share, and we’re thrilled to partner with Redwood to pair emission visibility and reduction – reliably and programmatically,” Jason Rubottom, chief executive officer of Cloverly, said. “Cloverly supports every carbon-related goal with carbon credits that have co-benefits ranging from protecting biodiversity to improving education and health. Each credit is independently verified and vetted for maximum confidence in its impact.” Redwood Hyperion is the leading product of Redwood’s sustainability suite, Redwood’s initiative to support customers in minimizing their carbon footprint to create a greener and more resilient supply chain. “Redwood is focused on taking steps to achieve customers’ sustainability goals; all while improving efficiency and minimizing costs,” Reed said. “The full suite of services is designed to help customers implement green initiatives by providing visibility first, followed by a balanced approach of reduction techniques and strategies with a combination of carbon offsets.”  

TP Logistics fleet surpasses 200 trucks, opens office in Augusta

CENTRAL POINT, Ore. — TP Logistics has announced that its privately owned truck fleet recently surpassed 200 trucks. In a news release, company officials called this “a significant milestone” in their plans to expand to a fleet of 500 trucks. “Our team couldn’t be prouder of surpassing the 200-truck mark and look forward to the continued growth of our fleet,” said Chris Goodman, national business manager for TP Logistics. Additionally, TP Logistics announced it will open an office in Augusta, Georgia, in August. This office will serve as the Eastern hub for TP Logistics with the sales and dispatch teams relocating from the Thomson, Georgia, and the reload facility to the new Augusta office. “Our new office in Augusta, Georgia, will give us the platform and presence necessary to grow our staff in correlation with our aggressive growth plan for our fleet,” Goodman said. Tom Gennarelli, vice president of TP Logistics, said “dynamic growth in the Southeast is creating ample opportunity for us to expand our 3PL offerings and brokerage diversification.” TP Logistics has plans to add hubs in the Midwest and Southwest in the near future.  

Ascent On-Demand joins EPA SmartWay Transport partnership

BELLEVILLE, Mich. — Logistics company Ascent has joined the SmartWay Transport Partnership, a collaboration between the U.S. Environmental Protection Agency (EPA) and industry that provides a framework to assess the environmental and energy efficiency of goods movement supply chains. Ascent joins as a logistics partner for dedicated ground transportation arranged through its on-demand business segment. According to a news release, Ascent will contribute to the partnership’s savings of 336 million barrels of oil, $44.8 billion on fuel costs,143 million metric tons of CO2, 2.7 million short tons of NOx and 112,000 short tons of PM. This is equivalent to eliminating annual energy use in over 21 million homes. By joining SmartWay Transport Partnership, Ascent demonstrates its strong environmental leadership and corporate responsibility. “We are committed to helping our ground transport carriers lead the industry in sustainability and efficiency and are honored that our On-Demand offering is a registered SmartWay logistics partner,” said Chris Jamroz, executive chairman of the board & CEO of Ascent. “This is just one more way we are demonstrating that we walk the talk when it comes to driving environmental efficiencies, including reduced fuel use and cleaner air. These are not just feel-good buzzwords; they are important factors that our customers look for from their logistics partners and we are excited to be able to demonstrate our commitment through measurable metrics.” Developed jointly in early 2003 by EPA and Charter Partners and represented by industry stakeholders, environmental groups, the American Trucking Associations and Business for Social Responsibility, the program was launched in 2004. Partners rely on SmartWay tools and approaches to track and reduce emissions and fuel use from goods movement. The partnership currently has nearly 4,000 Partners including shipper, logistics companies, truck, rail, barge and multimodal carriers. “Being a SmartWay transport partner will give us access to the EPA’s emissions calculating tools, which are the gold standard of fuel efficiency and sustainability accounting, helping ensure our tracking is on the leading edge,” David Camden, vice president of operations for Ascent, said. “The robust data provided to us through SmartWay will help us provide our carriers with the measurable data needed to demonstrate our competitive advantage, as well as enable us to stay on top of the most up-to-date intelligence needed to continuously improve operational efficiencies and drive success for carriers, customers and Ascent.”  

Logistics software developer Imaginnovate to triple tech workforce by next spring

BENTONVILLE, Ark. – Software creator Imaginnovate is hiring 200 additional developers to address tech talent shortfalls in the logistics industry. The logistics technology innovator said in a recent news release that it would grow from 100 software developers to 300 by next spring. Imaginnovate indicated it would deploy its engineers with transportation and logistics companies automating operations. “The logistics sector has been investing in digital transformation as startups have arrived to challenge existing players,” Imaginnovate CEO Krishna Vattipalli said. “This requires more developers to build new and customized solutions and we intend to be their talent source.” Imaginnovate said its employment surge marks the largest growth effort in the company’s nine-year history. New developers would be based at an Imaginnovate technology campus in Visakhapatnam, India, the company said. The company opened its 16,000-square-foot office complex to develop digital solutions for the logistics industry. Imaginnovate’s announcement comes just two months after it introduced a new Logistics Studio division. The company said its Logistics Studio would provide Digital Strategy, Technology Roadmap and Digital Solutions for supply chain clients. Software developers in the Studio would serve as de facto in-house IT units for clients, Imaginnovate said. “Many in the logistics and transportation space are clamoring for software tools to automate their business, but they don’t have the technology talent,” Vattipalli said. “We’re adding expertise so that we can work side-by-side with clients to customize programs that make them more competitive.” Technology is considered vital to the logistics sector as supply chains groan under the weight of unprecedented demand. Global trade growth has congested transport nodes and driven shipping costs higher. Imaginnovate said clients want to counter by automating labor-intensive operations. Atop the industry’s wish list: Technology roadmaps Rating solutions Digital Freight Matching Carrier Management Integration Track and Trace applications Back-office automation New, tech-savvy players have saturated the logistics market, Imaginnovate said. It cautioned, however, that industry consolidation is forthcoming and said automation would help dictate which competitors survive.

Pacific Drayage Services opens Bakersfield location

BAKERSFIELD, Calif. — Pacific Drayage Services has opened a new location in central California at 4115 Fruitvale Avenue in Bakersfield. This facility features a paved, lit, fenced yard with 24-hour security-controlled access; room for storage of 100 containers on chassis; and 10,000 square feet of warehousing space complete with six bay doors, enabling PDS to provide transloading services for its valued customers. “Our new Bakersfield location is hugely beneficial to our drivers and our customers alike,” Jim Gillis, president of Pacific Drayage Services, said. “Our drivers can now park their trucks at our secure facility overnight, providing them with local access outside of LAX. For our customers, our new facility offers them easy access to greater velocity and transloading services in Central California outside of the Los Angeles market.” For more information on PDS, call )844) 903-4737 or visit www.pdsusa.com.

Hale Trailer names America’s Top 15 truck stops

LITTLE ROCK, Ark. — What’s the “best” truck stop in the U.S.? Ask 100 different truck drivers and you’ll probably get at least a dozen answers, if not more. There are hundreds of truck stops across the country. For drivers, they’re much more than just a place to park overnight and fuel up. They’re also places to eat, bathe and socialize with other drivers. Hale Trailer has conducted a study to identified what could be the 15 best truck stops in the country. Mike McPeak, director of growth marketing at Hale Trailer, called truck drivers the lifeblood of the American logistics industry. “Every day, Hale Trailer takes deliveries from trailer manufacturers in Ohio, Iowa, Alabama, Missouri, North Dakota and even Mexico,” McPeak said. “During the early part of the COVID pandemic, I read about truck drivers having trouble finding a meal, because their trucks couldn’t fit in the drive thru, but restaurant lobbies were closed. It occurred to me that few people ever think about where the truckers that supply their stores and restaurants will find a safe place to rest, or a bite to eat. Now that Hale has locations covering nearly half of the country, I thought Hale could help by highlighting some of the nation’s best truck stops. From the feedback we’ve seen on social media, it’s clear everyone has their favorite.” Each score is based out of a five-star ranking, with the overall rank devised of four categories. Following is a breakdown of the four primary categories (plus a bonus category) and the individual factors for each: Online reviews: Hale Trailer compiled data from the average truck stop review data across the review platforms Yelp, Google and TripAdvisor. National Monument Vicinity Score:  Data was pulled from Google Maps to identify the total number of national parks/monuments in a 20–mile radius to determine activity scores. Food Offering Score: Looks at what truck stops offer, from processed food on the shelves to a full restaurant experience. Amenity Offering Score: Similar to the food offering score, this category helped classify the rank for the truck stop based on the amenities offered such as showers and truck washes to gyms and movie theaters. Unique Attraction Bonus Score: This is a bonus category that can add up to one point to the total score. Hale Trailer considered this score based on any unique, one-of-a-kind experiences that truck stop may offer. The following 15 truck stops topped the list: Iowa 80 – Walcott, Iowa Kenly 95 Petro – Kenly, North Carolina Flynn’s Truck Plaza – Shrewsbury, Massachusetts Busy Bee Travel Center – Live Oak, Florida Big Horn Travel Center – Fort Worth, Texas Keystone Restaurant & Truck Stop – Loretto, Pennsylvania Jubitz Travel Center – Portland, Oregon I-40 Travel Center – Ozark, Arkansas South of the Border – Hamer, South Carolina Dysart’s Truck Stop – Hermon, Maine Beckley/Tamarack Travel Plaza – Beckley, West Virginia Little America Travel Center – Little America, Wyoming Chesapeake House Travel Plaza – Cecil County, Maryland 301 Travel Center – Middletown, Delaware Noble’s Restaurant and Truck Stop – Corinth, Kentucky “We are honored and humbled to be selected as the top truck stops to visit,” said Heather DeBaillie, vice president of marketing of the Iowa 80 Group, which also owns the Kenly 95 Petro. “Our goal is to provide a place where drivers can refuel, refresh and relax before they have to hit the road again. We want them to think of Iowa 80 and Kenly 95 as their homes away from home.”    

Used heavy-duty truck, semi-trailer values decline as inventory grows

LINCOLN, Neb. — Recent Sandhills Global market reports have identified consecutive months of increases in used heavy-duty truck and semi-trailer inventory levels among Sandhills marketplaces, as well as decreases in auction values. The previous reports further emphasized the ways in which increased inventory levels historically precede auction value declines, which in turn are followed by declines in asking values. The latest market data, included in the newest Sandhills market reports, show that these inventory and auction value trends are prompting declines in asking values. Inventory levels for used construction and agricultural equipment, meanwhile, remain historically low, which allows for auction and asking values to continue their ascent. However, there are some indications that used medium-duty construction equipment values may decrease soon. The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index. Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets, as well as model year equipment actively in use. Regional EVI data is available for the United States (and key geographic regions within) and Canada, allowing Sandhills to reflect machine values by location. Chart takeaways Sandhills Market Reports highlight the most significant changes in Sandhills’ used heavy-duty truck, construction equipment and farm machinery markets. Each report includes detailed analysis and charts that help readers visualize the data. The latest reports detail the ways in which inventory levels are impacting all three markets, with a closer look at distinctions between heavy-duty and medium-duty construction equipment. U.S. used heavy-duty trucks EVI and inventory Inventory for this market, which includes used sleeper and day cab trucks, showed a positive year-over-year inventory level in June; this is the first YOY increase noted since Q2 2020, and represents the fourth consecutive month of inventory increases. Inventory increased 12.4% month/month and 3.2% YOY in June. Sandhills’ market reports show auction value decreases in this category for the third consecutive month. Auction EVI decreased 5.9% M/M and increased 37% YOY in June. June marked the first month since Q2 2020 that asking values showed a decrease. Asking EVI decreased 1.9% M/M and increased 52% YOY. U.S. used semi-trailers EVI and inventory This category, which includes used dry van, flatbed and drop-deck trailers, showed trends that were like the used heavy-duty truck category, with the first positive YOY inventory increase since Q2 2020 recorded this June. Inventory increased 6.5% M/M and 4.5% YOY. Auction EVI decreased 10.5% M/M, marking the third straight month of M/M decreases, and increased 33% YOY. Asking EVI decreased 4.6% M/M and increased 54% YOY; this is the first time since late 2020 that used semi-trailers posted a M/M asking EVI decrease. U.S. used heavy-duty construction equipment EVI and inventory Inventory levels remain steady for this category, which includes used crawler excavators, dozers and wheel loaders, but it appears inventory levels may increase soon. Inventory increased 2.7% M/M and decreased 43% YOY in June. Auction and asking values for used heavy-duty construction equipment have remained steady YOY. Auction EVI decreased 1% M/M and increased 7% YOY in June, while asking EVI decreased 0.7% M/M and increased 4.8% YOY. U.S. used medium-duty construction equipment EVI and inventory Inventory levels had also remained steady for the used medium-duty construction equipment category, which includes skid steers, loader backhoes, and mini-excavators, but notably jumped 7.4% M/M in June. YOY inventory levels were down 41% in June. Auction and asking values in this category have dipped slightly since May. Auction EVI decreased 2.6% M/M and increased 10.5% YOY, while asking EVI decreased 1% M/M and increased 12.6% YOY. U.S. used farm equipment EVI and inventory Inventory declines are leveling off in the used farm equipment category, which includes combines and 100-plus-horsepower tractors. Inventory decreased 1.1% M/M and 28% YOY. Auction and asking values, meanwhile, continue to rise. Auction EVI increased 0.8% M/M and 11% YOY, while asking EVI increased 1.6% M/M and 9.2% YOY.  

Love’s Travel Stops opens new location in Arkansas, adds 114 truck parking spaces

OKLAHOMA CITY– Love’s Travel Stops is now serving customers in Clarksville, Arkansas, thanks to a travel stop that opened Thursday. The store located off Interstate 40 (1025 S. Crawford St.) adds 114 truck parking spaces and 115 jobs to Johnson County. “Opening our 16th location in Arkansas, means giving customers better access to clean and safe places while they’re on the road,” Greg Love, co-CEO of Love’s, said. “The new Love’s in Clarksville will offer a variety of fresh food, snacks and drinks located directly off the interstate.” The location is open 24/7 and offers many amenities, including: More than 13,000 square feet. Bojangles (Opening July 11). 114 truck parking spaces. 60 car parking spaces. Four RV parking spaces. Nine diesel bays. Eight showers. CAT scale. Speedco. Bean-to-cup gourmet coffee. Brand-name snacks. Fresh Kitchen concept. Mobile to Go Zone with the latest GPS, headsets and smartphone accessories. Dog park. In honor of the grand opening, Love’s will donate $2,000 to the Johnson County 4H Club.